South Africa Changes In Inventories
South Africa · Quarterly series · EC-ZA-IC
Latest, Q2 2026
-82.72B ZAR
+49.31B ZAR from Q1 2026
Forecast
Forecast for Q2 2027: -10.73B ZAR, with an 80% interval of -223.60B ZAR to 165.38B ZAR.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| Q3 2026 | -35.56B ZAR | -229.18B ZAR | 154.91B ZAR |
| Q4 2026 | -22.74B ZAR | -106.35B ZAR | 52.07B ZAR |
| Q1 2027 | -14.94B ZAR | -107.11B ZAR | 62.69B ZAR |
| Q2 2027 | -10.73B ZAR | -223.60B ZAR | 165.38B ZAR |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +31%Beats the no-change baseline over 8 tests (8 tests, 7 won)
- Direction
- 88%Beats a coin flip (28 of 32 calls right in 8 tests)
- Turning points
- 1 of 14Anticipated some turns (14 turns in 8 tests, 0 without a turn)
- Error vs baseline
- 31% lowerError ratio 0.69; 1.00 is a tie.
- Tests won
- 7 / 8Complete rolling backtests; ties count as no win.
- Test period
- 2018-09-01 to 2026-06-014 observations ahead per test.
- 80% band coverage
- 84%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-06-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
It is above 8% of the 39 earlier readings since Q3 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| Q2 2026 | -82.72B ZAR |
| Q1 2026 | -132.04B ZAR |
| Q4 2025 | -6.25B ZAR |
| Q3 2025 | 17.27B ZAR |
| Q2 2025 | 18.71B ZAR |
| Q1 2025 | -6.70B ZAR |
| Q4 2024 | -24.42B ZAR |
| Q3 2024 | -25.12B ZAR |
| Q2 2024 | 19.02B ZAR |
| Q1 2024 | 3.76B ZAR |
| Q4 2023 | 19.42B ZAR |
| Q3 2023 | -39.74B ZAR |
| Q2 2023 | 69.52B ZAR |
| Q1 2023 | 30.91B ZAR |
| Q4 2022 | 40.18B ZAR |
| Q3 2022 | 86.94B ZAR |
| Q2 2022 | 35.68B ZAR |
| Q1 2022 | 14.36B ZAR |
| Q4 2021 | -20.81B ZAR |
| Q3 2021 | 7.72B ZAR |
| Q2 2021 | -38.51B ZAR |
| Q1 2021 | -14.27B ZAR |
| Q4 2020 | -111.84B ZAR |
| Q3 2020 | -144.65B ZAR |
Source
Data: public market data feeds.
More from Agentic Investor
- Open South Africa Changes In Inventories in the app: the interactive chart and a fresh forecast
- World and commodity series: every stored series
- Vietnam indicators
Also stored for South Africa
- South Africa Balance Of Trade
- South Africa Bank Lending Rate
- South Africa Bankruptcies
- South Africa Banks Balance Sheet
- South Africa Building Permits
- South Africa Business Confidence Index
- South Africa CO2 Emissions
- South Africa CPI Housing Utilities
- South Africa CPI Transportation
- South Africa Capacity Utilization
- South Africa Car Registrations
- South Africa Central Bank Balance Sheet